Christmas
This coverage explores the critical Christmas trading period in the UK retail sector, focusing on sales performance, promotional strategies, consumer trends, supply chain planning, and operational challenges. Reporting highlights how retailers prepare for and execute peak season campaigns to maximise revenue and manage demand. Designed for executives and managers, it provides insights into effective planning and competitive positioning during the festive season.
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Feb- 2023 -3 FebruaryComment
After a tough golden quarter, can Asos reclaim its crown?
The most recent golden quarter came as something of a pleasant surprise to the market. Across the retail sector, companies rejoiced as sales bounced back in the first Christmas period that was not disrupted by virus variants. Of course, the period was not without its tribulations. Businesses were still hit…
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2 FebruaryHigh Street
John Lewis customer director steps down amid role consolidation
John Lewis has announced it is consolidating its customer relations management, with Charlotte Lock taking on the newly created role combining its pan-partnership customer and capabilities teams. Lock takes over from Claire Pointon, who stepped down from the role of customer director. The John Lewis Partnership is bolstering its Customer…
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2 FebruaryHigh Street
Return to office boosts weekday footfall in Jan
A return to the office has boosted footfall in January despite the effects of rail strikes over the month, Springboard has said, with footfall up by 10.7% against the prior year. This was greater than the annual uplift of 9.9% reported in December 2022 and marked the largest annual increase…
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1 FebruaryEconomy
Shop price inflation hits record levels
Shop price annual inflation increased to a record high of 8.0% in January up from 7.3% in December, according to data from BRC NielsenIQ shop price index. This figure of 8% is above the three month rolling rate of 7.5%. Food inflation accelerated to 13.8% in January, up from 13.3%…
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Jan- 2023 -31 JanuaryNews
Pets at Home raises profit outlook
Pet retailer Pets at Home has raised its profit outlook after record Q3 consumer revenues, for the 12 weeks ended 5 January 2023. Its consumer revenues rose 9% year on year boosted by a record number of consumers. Consumer revenues were also up 30% compared to pre-pandemic levels. The company…
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31 JanuaryEconomy
Nearly half of FTSE retailers issued profit warnings in 2022
Profit warnings from UK-listed retailers increased by 48% in 2022 as rising costs prompted record levels of warnings, according to EY-Parthenon’s latest Profit Warnings report. The total profit warnings issued in 2022 increased by 50%, from 203 the previous year to 305 this year. The report discovered that over a…
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27 JanuaryClothing & Shoes
Superdry lowers FY profit guidance to breakeven
Superdry has revealed it recorded an adjusted loss before tax of £13.6m for the 26-week period ending 29 October 2022, and as such has lowered its FY profit guidance from £10-£20m to breakeven. The clothing retailer owned by Julian Dunkerton said the performance comes from a return to normal rent…
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27 JanuaryDIY
Bensons for Beds sales up 7% over Christmas
Bensons for Beds saw like-for-like sales rise 7% for the last three months of 2022, compared to the same period the previous year. The group has attributed its performance to its investment in its stores and online platform, following leadership changes made in the summer. Across the quarter, the retailer…
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27 JanuaryHigh Street
Store Vacancies fall to 13.8% in Q4
The overall vacancy rate improved to 13.8% in the fourth quarter of 2022, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year, according to the latest BRC/LDC monitor. This was the fifth consecutive quarter of falling vacancy rates. All locations…
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24 JanuaryClothing & Shoes
Primark revenues surpass £3bn
Primark owner Associated British Foods has announced that its retail revenues for the year reached £3.15bn. In a trading update for the 16 weeks ended 7 January 2023, the company stated that its retail revenues were up 18% compared with last year and up 15% at constant currency rates. Primark’s…
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